Real Estate Investing in Chesapeake, Ohio (45619)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45619 (Chesapeake, OH)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 17.0% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Chesapeake, OH (45619)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 45619 Chesapeake
Not every below-median market is a bargain. Chesapeake's 45619 ZIP reports signals that favor experienced operators who can absorb the risk $150K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 45619 reflects the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 45619 and stronger Chesapeake ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A impressive renter share of 21% in 45619 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 45619 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Chesapeake:
Property Strategy for 45619
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $101,376 | $970 | 6.9% | +5.4% | $50,688 |
| 3BR | $169,152 | $1,250 | 5.3% | +5.4% | $56,384 |
| 4BR | $234,909 | $1,410 | 4.3% | +5.9% | $58,727 |
Market Trends
Home Value History (with trend line)
📊 How Does 45619 Compare?
| Metric | 45619 | Chesapeake | Ohio |
|---|---|---|---|
| Home Value | $149,834 | $149,834 | $237,530 |
| 5-Year CAGR | 4.0% | 4.0% | 7.4% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 4.5% | 4.5% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 45619 (Chesapeake, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $149,834 |
| Monthly Rent | $873 |
| Price-to-Rent | 14.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.0% |
| Cap Rate | 4.5% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +4.0% ▲ |
| 10-Year CAGR | +5.0% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.5%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 45619
Population: 7,273
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 45619
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,500 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Do rentals sit vacant long in Chesapeake, OH?
Expect elevated vacancy in Chesapeake, OH. Rents at $873/mo are absorbed by the tenant base without meaningful lag.
How strong is the working-renter base in Chesapeake, OH?
Tenant demand in Chesapeake, OH is solid. The local workforce $873/mo rents across most rental classes.
How does Chesapeake, OH rate as a rental market?
Chesapeake, OH rates 3.0/5 for investability. With median values at $150K and rents near $873/mo, the market offers reasonable fundamentals for rental investors.
What is the typical home price in Chesapeake, OH?
Homes in Chesapeake, OH typically sell near $150K. Prices have moved at a 0.0% 5-year CAGR, which stable long-term demand.
What is the best play in Chesapeake, OH?
Chesapeake, OH investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($150K prices, $873/mo rents) make it a reasonable choice.
You know 45619 now. You don’t know where it ranks.
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